How Is Alberta’s Economy Growing Today?

How Is Alberta’s Economy Growing Today?

Alberta has been one of the strongest provinces in all of Canada with regards to the growth of business in the region. This has proved to be rather important for all to see as it could bring in more jobs to the province and could encourage businesses to eventually get more money for all of the services and functions they have to offer. The development of jobs around the province has been a rather interesting point of the economy as well. It is clearly amazing to see how Alberta has been growing over time.

More Are Coming

The number of people who come into Alberta for work from other parts of Canada has increased in recent time. It is estimated that about forty thousand people came into Alberta in 2013 with the intention of finding jobs or employment that is better than what they already have.

This has helped to get more jobs to come around in the province. Reports from Statistics Canada state that about three thousand jobs are coming into the province every month. This makes it easier for more people to find jobs as they come into the region.

Unemployment Is Low

One huge advantage Alberta has over other parts of Canada comes from how the unemployment rate here is relatively low. It is estimated that the unemployment rate in Alberta is at around 4.9% as of the middle part of 2014. This is two percentage points lower than what the national rate is.

The unemployment rate in the city of Calgary is at around 5.4%. While this is slightly higher than what other parts of Alberta is experiencing, it is still a good number considering some of the damages that the city has dealt with recently as a result of flooding in recent time.

A Variety of Companies Are Hiring

What makes the economy of Alberta all the more better is that there are many entities that are hiring right now. These include a number of large companies that want to bring in more talent in any way possible. The interest that many people have in different companies clearly shows based on how companies like Stantec and Suncor Energy are adding thousands of jobs each year and are continuing to develop within the province to offer more employment solutions for all to take advantage of.

Many of these companies include ones that operate in the trade and agriculture sectors. Companies like Canada Safeway, Agrium and Alberta Health Services have been particularly getting more jobs out to a larger variety of entities all around the province. Meanwhile, the Shaw Communications company has added about two thousand new jobs to Alberta in the past couple of years. The growth in the jobs sector around all of these businesses in Alberta shows that there is a demand for work in a variety of fields.

The economy in Alberta has certainly been growing over time and it is much better now than what many other parts of Canada is experiencing. This makes Alberta a great place to discover when it comes to getting business managed in the province.